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20121006
20121014
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clients, the environment you want to stay is diversified as possible. i think this last quarter was a great example of that. europe, everybody looks at the negative in europe, yet it was a good place to be. spread your bets out right now. >> so do you expect that we are at this point going to see pretty good guidance, tough guidance? what about that guidance that you're looking for in. >> yeah, i think that's going to be the big question here. i think today's a great example of that. you have alcoa, the traditional capital goods manufacturing cyclical versus a yum brands, which is going to tell you maybe how the global consumer is doing. even the guidance we're going to get today may very well set the tone for what kind of messaging we get this earnings season. >> i want to tell you that alcoa is out three cents a share, actual earnings. expecting a flat showing. so it looks like it's better than expected. we are looking at a pop in the stock as these numbers are released. of course, we want to get more details on the quarter. revenue coming in at $5.8 billion versus an estimate
environment -- there's no question it's tough. >> i mean, you are taking advantage of this, not a revival, but this emergence of the asian consumer. you're finding markets there that are meeting your needs very quickly, aren't you? >> sure. we have a business in asia. we've got a business in russia that exports to china. we have a business in india, brazil. we've got positions in our core businesses paper and packaging in the emerging markets. our biggest market is still here in north america. >> speak of north america, how concerned are you about fiscal cliff and what it might do to consumer demand here or business demand for your products? >> well, i think i'm a realistic optimist. i don't think we'll hit the fiscal cliff. i don't think that was intended by the members of congress. we're kind of going to probably deal with this at the 11th hour and the 59th minute. i think we'll manage through it because everybody, i think, in congress knows that wouldn't be a good thing for the economy. that's what's most important right now. >> jamie dimon of jpmorgan today revealed that they've set u
environment. where in the world are you finding that right now? >> well, it was easier to find it in u.s. stocks early in the year. the process we use with the allocation strategy funds that i manage is to do those three things. we still think the valuations are quite reasonable. but the thing that i'm worried about now is the macro side, that second part. the issue that we've had, we know the economic data has been weaker, and i think what most investors are doing is waiting on the sideline to see just what impact that slowing macro data is going to have on corporate earnings in the third quarter. >> you see the slow down coming or continuing right now, and a lot of cash sitting on the sidelines. nobody is doing anything. >> i think that's right. i don't think there's a lot of getting people to step in. the good news for this market and one of the reasons i'm not overly negative is that we're starting to -- we think that valuations are good and that companies have been managing very conservatively. they're also doing a very good job in guiding investor expectations comfortably lower,
Search Results 0 to 2 of about 3

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